Statistics Canada (StatCan) reported on Tuesday (4-30-24), that Canadian real gross domestic product (GDP) increased 0.2% in February, following a 0.5% gain in January. Overall, 12 of the 20 sectors reported increases in February.
Wood Markets News
Teal Jones Files for Creditor Protection at BC Supreme Court
On Thursday, BC-based Teal Jones filed for creditor protection at the BC Supreme Court, Global News reported.
NAHB Releases Updated 2024 Priced Out Estimates for New-Home Buyers
The new NAHB estimates show that affordable housing is a serious problem even before any further price or interest rate increases.
Is This the Future of Building? CBS Saturday Morning Takes an In-Depth Look at Mass Timber
CBS Saturday Morning News takes an in-depth look at the “fascinating” use of wood and mass timber in today’s construction world.
US National Interagency Fire Center Wildfire Update for the Week Ending April 26th
As of April 26th, 10 new large wildfires were reported during the week. Currently, 4 large uncontained wildfires are burning in Arizona, Colorado, and Virigina.
A Tour of Mercer Mass Timber’s Conway, AR, Manufacturing Facility
Mercer Mass Timber has offered a profile of its 283,000-square-foot mass timber manufacturing facility in Conway, Arkansas.
US Median Existing-Home Sales Price Up 5.2% Year-Over-Year in April; Hits Record High
Redfin reported that in the four-week period ending April 21st, the median existing-home sales price hit a record $383,725, up 5.2% from a year earlier.
Mortgage Application Payments Inch Higher in March
The MBA’s Purchase Applications Payment Index rose 0.8% to a reading of 174.2 in March, up from February’s reading of 172.8.
Personal Income, Disposable Income, and Personal Consumption Expenditures All Increase in March
Personal income increased 0.5% month-over-month in March; disposable personal income increased 0.5%; and personal consumption expenditures increased 0.8%.
University of Michigan Reports Final Results of Its Consumer Sentiment Index for April
The University of Michigan Index of Consumer Sentiment declined to a reading of 77.2 in March, a month-over-month decline of 2.8% but up 21.2% year-over-year.